Flat for sale in L'Arenal, Palma de Mallorca, Mallorca

This spacious apartment is located on the second floor of a building with lift, built in 1983 and just 120 metres from the sea. This property represents an excellent opportunity for investors seeking immediate rental income in a well-established area with strong and consistent demand. Restaurants, supermarkets, cafés, pharmacies, public transport and the beach are all within walking distance.

The apartment offers 118 m² of built area and 109 m² of usable space. It comprises an entrance hall, a generous living and dining room with access to the balcony, a fully fitted kitchen with separate laundry area, three bedrooms and two full bathrooms, providing a practical layout highly appreciated by long-term tenants.

The property features parquet flooring, aluminium exterior windows, interior glass finishes, fitted wardrobes and air conditioning. While well maintained, it also offers excellent potential for future cosmetic refurbishment, increasing its long-term value.

The property is sold with an active tenancy agreement running until 2031, generating a monthly rental income of €1,050, allowing investors to benefit from immediate and stable returns. Community fees are €75 per month, while the annual refuse tax amounts to €127. The energy certificate is currently in progress.

If you are looking for a secure investment with immediate income, a long-term tenant and an exceptional location just steps from the sea, this property deserves your attention.